New orders for durable goods fell by a lower-than-expected 0.5% last month, according the Department of Commerce.
International/global funds led the way with net inflows of $12.7 billion, followed by corporate funds with $7 billion.
The Conference Board Consumer Confidence Index fell to a reading of 57.2, down from 62.8 in April.
House prices continued to plunge in the first quarter, with new data revealing record declines across the country.
A Bank of America analyst has slashed earnings estimates for Lehman Bros., Goldman Sachs and Morgan Stanley.
A large number of small-cap funds have reopened in recent months and are drawing the attention of financial advisers.
Russia's eight-plus-year economic expansion has spread into parts of the country's consumer and retail sectors, presenting a potentially new angle for participation among financial advisers and their clients.
Creating what may be a new product category, Invesco PowerShares Capital Management LLC has launched three exchange traded funds that invest solely in other ETFs.
Whether they like it or not, advisers have become well-versed in financial manias, panics and bubbles.
Faced with waves of new exchange traded products, financial advisers are at a loss as to how best to put them to work, a dilemma that is leading product providers to offer more robust educational services.
